Walgreens not merging with Rite Aid after all, instead...

[batteen1]

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Rite Aid is selling half its stores to wags for 5.2 Billion.

 

[MrBonita]

What will happen to the pharmacist working at those Rite Aids. Will they be Walgreens pharmacist now?

Walgreens abandons Rite Aid bid, will instead buy nearly half of stores

 

[waiter]

This is a better deal for WAG, and a better deal for RAD. Note: With 5.x billion, they can pay off all of the debt that is owed in 2020.

 

[MrBonita]

This is a better deal for WAG, and a better deal for RAD. Note: With 5.x billion, they can pay off all of the debt that is owed in 2020.

Shareholders are screwed though. The market cap is no longer the same value with half the stores gone. I do not own RAD but those who do are hurting.